Goldman plans autocallable contingent coupon notes on Euro Stoxx, Dow

By Tali Rackner

Norfolk, Va., Nov. 20 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon index-linked notes due Dec. 10, 2018, linked to the Euro Stoxx 50 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a continent quarterly coupon of 2.175% if each index closes at or above its coupon trigger level, 75% of its initial level, on the coupon determination date for that quarter.

The notes will be called at par plus the coupon starting in February 2016 if each index closes at or above its initial level on any coupon determination date.

The payout at maturity will be par plus any contingent coupon unless either index finishes below 75% of its initial level, in which case investors will be fully exposed to any losses in the worse performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 38148TJL4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.